Brazilian Central Bank Survey: Brazilian economists expect the full-year inflation index to reach 4.86% in 2023, the same as the previous estimate; the annual inflation index in 2024 is expected to be 3.88%, slightly higher than the previous estimate of 3.87%.

The U.S. dollar rose above the 102 mark against the Russian ruble USD/RUB, rising more than 1.5% during the day.

Kuwait Petroleum Company: Plans to reach an oil production capacity of 4 million barrels per day in 2035 and a natural gas production capacity of 1.5 billion cubic feet in 2040.

Market news: Hamas is negotiating with Israel for the release of Israeli women and children hostages in exchange for the release of 36 Palestinian women and children in Israeli prisons. Negotiations are "actively advancing" but there are no signs of a breakthrough.

British Labor Party fiscal policy chief Reeves: I will propose a new fiscal lockdown measure, that is, all spending commitments will be reviewed by the Office for Budget Responsibility (OBR).

Internal memo reveals: The World Bank is seriously concerned about the alarming escalation of violence in the Israeli-Palestinian conflict.

Fitch: Saudi Arabia will use more fiscal space to support strong growth, with spending in Saudi Arabia remaining broadly stable in 2024 before rising again in 2025-2026.

European Commission: Increased sugar export forecast for 2023/24 to 750,000 tons from the previous 700,000 tons.

The Russian ruble continued its decline, with the ruble falling to an eight-week low against the dollar.

Kuwait Petroleum Company: Plans to reach a daily production capacity of 3.65 million barrels in 2035.

European Commission: The EU sugar production forecast for 2023/24 has been raised to 15.6 million tons from the previous 15.5 million tons, an increase of 7.0% from 2022/23.

Israeli military: Sirens sound in northern Israel, warning of possible rocket attacks.

El Al spokesperson: Many of our flights to and from Israel are full.

ECB Governing Council Member Nott: We are satisfied with the current level of interest rates, but the rise in oil prices caused by the Israeli conflict may pose a new impact on inflation.

Kuwait Petroleum Company: Plans to increase its domestic refining capacity to 1.6 million barrels per day and overseas refining capacity to 425,000 barrels per day in 2025.

Spokesperson for the British Prime Minister: The UK supports Israel to act proportionately and abide by international law to end the violence. There are currently no plans to redeploy British military assets to the area. We are not aware of any plans to change the way we assist the Palestinians, but this is a Rapidly changing situation.

Market News: Chevron is still receiving gas supplies from Leviathan Gas in Israel.

Kuwait Petroleum Company: Oil will continue to be a vital part of the world’s energy mix.

Kuwait Petroleum Minister: Kuwait Petroleum Company plans to achieve net-zero carbon emissions by 2050.

Kuwait Oil Minister: Kuwait will prepare infrastructure for the Dora offshore oil field (exploitation work).